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Closed-end Fund Investment Value Analysis

Posted on:2006-02-27Degree:MasterType:Thesis
Country:ChinaCandidate:H Y ZhaoFull Text:PDF
GTID:2206360152985632Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Recently, The closed-end and investment securities funds in China have made rapid development in the areas of quantity and scale, but the analysis and evaluation to its running investment are not maturity relatively and the evaluation is simply confined to the performance. This evaluation means has great deficiencies and it will lead the investors and funds managers into wrong investment logics, only pursuing the investment-reward unilaterally and neglecting the investment-risks and that will impede the healthy development of closed-end and investment securities. So the way whether to evaluate closed-end and investment securities objectively, accurately and completely, has become the problem of the circles of funds managers and scholars and the basic research project.Firstly, this dissertation analyzed the investment running process of closed-end and investment securities funds and probed the end of fluids' investment process-the results of investment and its five element-funds investment combination, financial conditions, stock exchange, funds performance and the performance of market. Based on these, this dissertation addressed the idea of five-dimension analysis on the investment of funds with the reference of research results of mainland and abroad. And then through the five-dimension analysis, this dissertation provided the design and analysis of funds index and the description of funds kinds, risk-liability, investment target, investment reward, investment risk, performance adjusted by risks, the funds' profit-making ability, efficiency of investment and the management efficiency of funds managers and let the investors grasp the overall situations of funds accurately. Finally, this dissertation gave introduction to the problems in five-dimension analysis on the investment of funds and brought out the relevant policies' improving proposals.
Keywords/Search Tags:Closed-end And Investment Securities funds, Fund Unit net worth, Fund mark down price the rate, Fund portfolio, Fund investment style
PDF Full Text Request
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